Music Licensing, Inc. (OTC: SONG) Advances Strategic Initiative with Ongoing Common Stock Share Cancellation

Rhea-AI Summary

Music Licensing, Inc. (SONG) announces the cancellation of 1,197,364,785 common stock shares, aiming to refine its capital structure and enhance shareholder value. This strategic move marks a significant milestone in the company's efforts to optimize its financial position and establish a sustainable framework for future growth.

Naples, Florida, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Music Licensing, Inc. (OTC: SONG), a prominent figure in the music licensing industry, is delighted to announce a substantial advancement in its strategic initiative through the ongoing cancellation of 1,197,364,785 common stock shares. This decisive action forms an integral part of the company's ongoing endeavors to refine its capital structure, ultimately bolstering shareholder value.

The current progress of the share cancellation represents a pivotal milestone for Music Licensing, Inc. as it actively works towards optimizing its financial position. This strategic initiative underscores the company's unwavering commitment to establishing a resilient and sustainable framework for future growth.

"We are enthusiastic about the headway we are achieving in reshaping our capital structure," expressed Jake P. Noch, Chief Executive Officer at Music Licensing, Inc. "This move is a testament to our dedication to fortifying the company's foundation and maximizing value for our shareholders."

The ongoing cancellation of common stock shares is a meticulously considered step that aligns seamlessly with Music Licensing, Inc.'s overarching business strategy. Shareholders can anticipate a subsequent press release, providing comprehensive details upon the successful completion of this significant initiative. The company remains steadfast in its commitment to transparent communication, ensuring regular updates for its valued stakeholders.

Music Licensing, Inc. urges stakeholders to stay tuned for forthcoming announcements concerning this strategic development. The company stands poised for continued growth and success within the dynamic landscape of music licensing.

About Music Licensing, Inc. (OTC: SONG) (ProMusicRights.com)

Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, is the 5th public performance rights organization (PRO) to be formed in the United States. Its licensees include notable companies such as TikTok, iHeart Media, Triller, Napster, 7Digital, Vevo, and many others. Pro Music Rights holds an estimated market share of 7.4% in the United States, representing over 2,500,000 works that feature notable artists such as A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBagg Yo, Larry June, Trae Pound, Sause Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Trauma Tone, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Chingy, Lil Gnar, 3OhBlack, Curren$y, Fall Out Boy, Money Man, Dej Loaf, Lil Uzi Vert, and countless others, as well as Artificial Intelligence (A.I.) Created Music.

Forward-Looking Statements:

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Music Licensing, Inc. & Pro Music Rights, Inc. to accomplish its stated plan of business. Music Licensing, Inc. & Pro Music Rights, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Pro Music Rights, Inc., Music Licensing, Inc., or any other person.

Non-Legal Advice Disclosure:

This press release does not constitute legal advice, and readers are advised to seek legal counsel for any legal matters or questions related to the content herein.

Non-Investment Advice Disclosure:

This communication is intended solely for informational purposes and does not in any way imply or constitute a recommendation or solicitation for the purchase or sale of any securities, commodities, bonds, options, derivatives, or any other investment products. Any decisions related to investments should be made after thorough research and consultation with a qualified financial advisor or professional. We assume no liability for any actions taken or not taken based on the information provided in this communication

Contact: investors@ProMusicRights.com

SOURCE: Music Licensing, Inc.

FAQ

What is the recent announcement from Music Licensing, Inc. (SONG)?

Music Licensing, Inc. (SONG) has announced the cancellation of 1,197,364,785 common stock shares.

Why did Music Licensing, Inc. (SONG) cancel the common stock shares?

The company aims to refine its capital structure and enhance shareholder value through this strategic move.

What is the significance of this announcement for Music Licensing, Inc. (SONG)?

The cancellation of shares represents a pivotal milestone in the company's efforts to optimize its financial position and establish a sustainable framework for future growth.

How does the share cancellation impact Music Licensing, Inc. (SONG) shareholders?

The company's initiative aims to bolster shareholder value through the refinement of its capital structure.

What is Music Licensing, Inc. (SONG) committed to with this strategic initiative?

The company is committed to establishing a resilient and sustainable framework for future growth through this strategic initiative.